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ASIC
Funds management
Australian and Singaporean regulators have signed a co-operation agreement to support innovative business and fintech companies as they foray into the respective markets....
Financial planning
Fintech start-ups can rely on third parties for sign off to meet their competence obligation but it isn’t clear whether they are liable if the start-up fails, a lawyer sa...
Funds management
ASIC has confirmed that Australians have a particularly high level of share ownership, both directly and through super....
Life/Risk
Petplan Australasia Pty Ltd is updating its Petplan advertising after customers were exposed to misleading insurance information....
Funds management
ASIC warns Australian investors to avoid dealing with a number of companies offering binary option trading services which are not authorised to operate under the local la...
Policy & Regulation
ASIC has initiated its first ever action relating to alleged breaches of the FOFA best interests duty....
Financial planning
ASIC’s Wealth Management Project and an ANZ breach report has resulted in an adviser suffering a one year ban....
Policy & Regulation
ASIC has formally canvassed the use of a “regulatory sandbox” approach which would allow fintech companies to test products for six months without an AFSL....
Funds management
ASIC is taking legal action against NAB for market manipulation, in relation to its involvement in setting the bank bill swap reference rate between 2010 and 2012....
Accounting
Accountants have been warned they are entering criminal territory if they provide unlicensed advice after 30 June....
Financial planning
The independent tribunal has upheld ASIC’s decision to permanently ban former Equititrust CEO, Mark McIvor, from providing any financial services....
Funds management
Second man found guilty for insider trading offence, after he profited $1 million, said ASIC....
Financial planning
ASIC will closely monitor robo-advice and the industry could start to see cases of non-compliance in the next 12 to 18 months as a result....
Policy & Regulation
ASIC has banned the former director of Provident Capital from the industry for five years for breaching his duties and failing to comply with the law. ...
Funds management
The Australian Securities and Investments Commission has cancelled the Australian financial services license of wholesale service provider, TMK Index Limited....
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...